RNS Number : 6733F
Colefax Group PLC
26 September 2024
 

AIM: CFX

 

COLEFAX GROUP PLC

 

("Colefax" or "the Group")

 

AGM STATEMENT

 

Colefax will hold its Annual General Meeting at 11.00am this morning and David Green, Chief Executive, will make the following comment on current trading:

 

"In the Group's core Fabric Division, sales for the 21 weeks to 20 September 2024 were down by 2% but up by 1% on a constant currency basis. Sales in the US, which is our largest market accounting for 65% of the Fabric Division total, were up by 5%, sales in the UK were down by 12% and sales in Europe were down by 2%, all on a constant currency basis.

 

"We are just entering our important autumn selling season and expect current sales trends to continue. The sales performance in the US is slightly better than we expected at the start of the year but the benefit will be offset by a significantly weaker US dollar exchange rate. Overall we expect the Group's performance for the financial year to remain in line with market expectations."

 

 

 

Enquiries:

Colefax Group plc

David Green, Chief Executive

Tel: 020 7318 6000


Rob Barker, Finance Director


KTZ Communications

Katie Tzouliadis  

Robert Morton

Tel: 020 3178 6378

Peel Hunt LLP

(Nominated Advisor

And Broker)

Dan Webster

Andrew Clark

Tel: 020 7418 8900

 

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